The Adoption of Industrial AI in America
(with Kristina McElheran, Erik Brynjolfsson and Zachary Kroff)

(Forthcoming, American Economic Association Papers & Proceedings)
Tagline: Industrial AI adoption is predicted by recent layers of the digital technology stack, such as predictive analytics and cloud computing, but not necessarily older layers such as IT capital or descriptive analytics.

The Technological Uniqueness Paradox
(with Yang Fan, Lubomir Litov and Todd Zenger)

(2025, Strategic Management Journal)
Tagline: More technologically uniqueness causes better firm performance, but also reduces benefits from technology spillovers and makes equity valuation harder.

How Do CEOs Make Strategy?
(with Nick Bloom, Michael Christensen, Raffaella Sadun and Jan Rivkin)

(2025, Management Science)
Tagline: We measure strategy practices and show that CEOs with more structured practices outperform, especially in more strategically complex industries.

Competitive Differentiation Effects of Board Network Distance
(with Yang Fan) | (Online Appendix)

(2025, International Journal of Managerial Finance)
Tagline: Closer connections of corporations through directors leads to more competitive differentiation.

Corporate Investment and Growth Opportunities: The Role of R&D Capital Complementarity 
(with Anthony Sanford).

(2022, Journal of Corporate Finance)
Tagline: R&D intensive firms’ investments are more responsive to (systematic and idiosyncratic) uncertainty shocks, since they have more growth options.

The Interdependence Imperative: Business Strategy, Complementarities and Economic Policy 

(2021, Oxford Review of Economic Policy)
Tagline: Complementarity across firm activities matters for various areas of economic policy, including anti-trust policy, innovation policy and corporate social responsibility initiatives.

The Impact of Emerging Market Competition on Innovation and Business Strategy
(with Nick Li and Lorenz Kueng) | (Online Appendix)

(2021, Journal of Economic Behavior and Organization)
Tagline: Innovation strategies do not insulate firms from low-cost competition, but instead increase risk.

Complementarity of Task Allocation and Performance Pay
(with Bryan Hong and Lorenz Kueng).

(2019, Management Science)
Tagline: Performance pay adoption leads to a concentration of decision authority at managerial employees, as they have crucial private information.

Gains From Trade Liberalization with Flexible Extensive Margin
(with Chang-Tai Hsieh, Nick Li and Ralph Ossa) 

(2023, Journal of International Economics)
Tagline: We quantify the welfare effects of trade liberalizations allowing for non-strict sorting in firm exit and export participation as well as arbitrary distributions of firm heterogeneity.

Micro-Level Misallocation and Selection

(2021, American Economic Journal: Macroeconomics)
Tagline: If selection matters, then aggregate productivity losses from the misallocation of resources across firms are larger.

Accounting for the New Gains from Trade Liberalizations
(with Chang-Tai Hsieh, Nick Li and Ralph Ossa).

(2020, Journal of International Economics)
Tagline: We measure the welfare gains from firm entry and exit in the wake of trade liberalizations.

Financial Dampening
(with Johannes Wieland)

(2019,  Journal of Money, Credit and Banking)
Tagline: Internal capital markets of bank holding companies mitigate monetary policy.

What Drives the Effectiveness of Social Distancing in Combating COVID-19 across U.S. States?
(with Mac Gaulin, Nate Seegert and Yang Fan)

(2025, PLOS One)
Tagline: Using structural estimation and Machine learning, we show that voluntary social distancing has saved more lives, but lockdowns are a more efficient tool to mitigate COVID-19.

What is the Active Prevalence of COVID-19? 
(with Marinho Bertanha, Mac Gaulin, Nate Seegert and Adam Looney, Brian Orleans, Andrew Pavia, Kristina Stratford, Matthew Samore, Steven Alder)

Click here for real-time updates of latent COVID-19 prevalence across states.

(2023, Review of Economics and Statistics)
Tagline: We provide a method to track the latent prevalence of COVID-19 in real time with publicly available data and parameters from randomized testing in Utah.

The COVID-19 State Sales Tax Windfall
(with Phil Dean, Mac Gaulin and Nate Seegert)

(2023, International Taxation and Public Finance)
Tagline: The e-commerce expansion during COVID-19 led to higher sales tax revenues in suburbs but lower sales tax revenue in urban and rural areas.

SARS-CoV-2 Seroprevalence and Detection Fraction in Utah Urban Populations from a Probability-based Sample
( with Matthew Samore, Adam Looney, Brian Orleans, Tom Greene, Nathan Seegert, Julio C Delgado, Angela Presson, Chong Zhang, Jian Ying, Yue Zhang, Jincheng Shen, Patricia Slev, Maclean Gaulin, Andrew T. Pavia, Stephen C. Alder)

(2021, Emerging Infectious Diseases)
Tagline: We measure antibody prevalence to COVID-19 in Utah in the Summer of 2020.

Information Revelation of Decentralized Crisis Management: Evidence from Natural Experiments on Mask Mandates
(with Maclean Gaulin, Francisco Navarro-Sanchez and Nate Seegert)

• Pivotal in convincing the Utah state legislature to leave state-wide mask mandates in place in fall 2020.
• Media coverage: The Washington Post, Forbes and CBS

(Accepted, PLOS One)
Tagline: Mask mandates reduce confirmed cases and can increase economic activity—if they are enforced at a state rather than county level.

The Different Approaches Firms Use to Set Strategy
(with Nick Bloom, Jan Rivkin, Raffaella Sadun, and Kimberly Teti)

(2020,  HBR Guide to Setting Your Strategy)